earnings
confidence high
sentiment positive
materiality 0.80
Interface Q3 net sales up 10.7% to $344.3M; EPS $0.48, raises FY2024 outlook
INTERFACE INC
2024-Q3 EPS reported
$1.11
revenue$980,648,000
- Q3 GAAP EPS $0.48 vs $0.17; adjusted EPS $0.48 vs $0.28; net income $28.4M vs $9.9M.
- Gross profit margin 37.1% (+162 bps); adjusted gross margin 37.5% (+158 bps).
- Americas segment sales $210.2M (+17.9%); EAAA sales $134.1M (+1.0%).
- Cash from operations $76.2M; debt repaid $51.3M in Q3; total debt $337.9M, cash $115.6M.
- Raised FY2024 guidance: net sales $1.315-1.325B; adjusted gross margin ~36.6%.